the top of every bubble has had one of the following.....the barber talking to you about .com and all the millions he has made from it and how is will quit his job, the gardner talking to you about how he will retire from flipping condos....when those things happen is when you see the rug pulled out from under....it is when everyone is making money hand over fist and nothing can stop them from making more is when the freaken bubble blows, when everything looks peachy king...and when everyone one and their mothers are throwing in the towel and crying for mercy and doubling down and then some is when the bottom is found once again.... you just wont know where you are at within all this commotion....
Time for all of you morons to learn a hard lesson. Bash me all you want....it was coming but Im the one making the money
A 1.3% selloff is not a big deal the smarties will rally it in the last hour anyway Market goes down a little and all basher shorts are somehow comfusing this with a bear market.
Bearish conditions? Maybe, but this is no 2000... The techs burst in the Qs was burning rocket fuel, when it ran out the burst affected unrelated parts of the markets. Look at the Dow, its quite a bit higher than in 2000. S&P is in the same area as in 2000. But the NASDAQ isn't even close to where it was, which is proof of what the problem was. An over-hyped tech market. Even if a sizable bear market were ahead, it wouldn't even resemble 2000... The most recent bubble was in the housing market, not tech stocks or oil or metals.
Big props for a post that let's reason and thoughtfulness shine through. Pretty rare among all the BS posted here. Thanks.
Thanks. But seriously though, seriousness isn't my game... I say DOW crashes TOMORROW!!! Down 90% at the open!!! Woo-Hoo!!! LOL
there was no chance of a rally today. the yen carry trade has been unwinding all week. gonna be interesting to see how things unfold next week.